The inaugural version of the Tron Virtual Machine (TVM) was launched on May 25th 2018, a few days prior to the main net. TVM integrates seamlessly with Ethereum virtual machines. Therefore, Ethereum developers can leverage the solidity of the virtual machine to create, debug and compile smart contracts in a development environment that is familiar to them.
The proper release of TVM will go live on July 31, 2018, and is expected to give Ethereum a stiff competition with regard to the development of decentralized applications. According to its founder, this launch will signify the commencement of a first-rate development ecosystem.
The Tron protocol has been gaining traction amongst the developer community for decentralized applications due to its solidity and the support for a digital wallet. Furthermore, a paradigm shift to the Tron network is inevitable, given that its user base is fast approaching the remarkable 100 million mark. In this regard, the leading developers as well as the most established exchanges on the Ethereum blockchain have already confirmed that will join the budding Tron developer community. The Tron network expects to add 100 users on a monthly basis in the third and fourth quarters of this year. By the end of 2018, TVM plans to be world’s leading decentralized protocol.
As of now, prominent exchanges have openly supported Tron’s mission to disintegrate from Ethereum and attain autonomy. Consequently, the Tron team will list the TRX digital currency on popular trading platforms and make it the most traded and prevalent cryptocurrency within the crypto industry. Currently, TRX is the 5th most traded digital currency and is listed on over fifty crypto exchanges worldwide.
The following reward programs are worth up to $2 billion:
- Tron Accelerator
- Bug Bounty
- Programming Competitions
Since it has the largest number of developers in the industry, Tron had the most participants in the programming competition. Additionally, Project Genesis has also significantly contributed to the growth of the developer community by generating 11,000 sent messages on a monthly basis.at the end of the competition, outstanding blockchain explorers, decentralized applications and digital wallets within the Tron community will get rewarded. The winning entries will then undergo thorough testing, after which project contributors will be allowed to use and further develop them.
Undoubtedly, Tron will give Ethereum a run for its money as the main platform for the development of decentralized apps. Regardless, this competition will benefit the consumer, as developers will strive to develop apps with higher quality.